Markel Group Inc. Acquires 6,200 Shares of Aon plc (NYSE:AON)

Markel Group Inc. lifted its holdings in Aon plc (NYSE:AON - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,150 shares of the financial services provider's stock after purchasing an additional 6,200 shares during the quarter. Markel Group Inc. owned 0.06% of AON worth $41,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC purchased a new stake in shares of AON during the 3rd quarter valued at about $640,000. Portside Wealth Group LLC grew its position in AON by 10.8% in the 3rd quarter. Portside Wealth Group LLC now owns 1,782 shares of the financial services provider's stock worth $617,000 after purchasing an additional 174 shares during the period. Graypoint LLC raised its stake in AON by 51.4% during the 3rd quarter. Graypoint LLC now owns 1,400 shares of the financial services provider's stock valued at $484,000 after buying an additional 475 shares during the last quarter. Radnor Capital Management LLC lifted its holdings in shares of AON by 8.0% during the 3rd quarter. Radnor Capital Management LLC now owns 10,712 shares of the financial services provider's stock valued at $3,706,000 after buying an additional 793 shares during the period. Finally, Leslie Global Wealth LLC purchased a new position in shares of AON in the 3rd quarter worth $253,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

AON Price Performance

NYSE AON traded up $3.91 on Friday, reaching $383.78. The company had a trading volume of 776,804 shares, compared to its average volume of 1,174,945. The firm's 50 day moving average price is $355.63 and its 200 day moving average price is $321.01. Aon plc has a 12 month low of $268.06 and a 12 month high of $389.21. The stock has a market capitalization of $83.00 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 2.66.

AON Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st. AON's dividend payout ratio is presently 22.78%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AON. Wells Fargo & Company raised AON from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $315.00 to $377.00 in a report on Monday, October 28th. Barclays started coverage on shares of AON in a report on Wednesday, September 4th. They issued an "overweight" rating and a $394.00 price objective on the stock. Keefe, Bruyette & Woods increased their price target on shares of AON from $385.00 to $415.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of AON from $311.00 to $353.00 and gave the company a "hold" rating in a research report on Monday, August 26th. Finally, Bank of America lifted their target price on AON from $345.00 to $375.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, AON currently has an average rating of "Hold" and an average price target of $359.19.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.